Arab Monetary Fund organized in cooperation with the Bank for international settlements second meeting on monetary policy in the Arabic States concluded last Thursday in Abu Dhabi, U.A.E. State.

The meeting reviewed the international economic and financial developments and the implications for the conduct of monetary policy and the banking sector in Arabic countries, as well as a number of technical matters related to the management of liquidity and exchange rate systems.

The meeting was attended by 51 senior about monetary policy, representing twenty-three Arab central banks globally, including 14 Arab central banks and nine international central banks including the US Federal Reserve and the European Central Bank, in addition to a number of senior Officials from Arabic financial institutions.

The bis, founded in 1930, the oldest year global financial institution comprising 60 members from central banks represent a number of countries around the world that their combined GDP is about 95% of world GDP.

Bis aims to support international central banks with the aim of achieving monetary and financial stability and support international cooperation in related fields, to act as a Bank for central banks.